Take Stock – November 4

Canada’s national public broadcaster is calling for cable and satellite services to offer basic packages of essential TV channels at a regulated price.

Cable, satellite should carry Canadian channel pack

Canada’s national public broadcaster is calling for cable and satellite services to offer basic packages of essential TV channels at a regulated price. The recommendation by CBC/Radio-Canada is part of a hot debate between conventional TV broadcasters and the carriers that distribute their programming. The TV broadcasters want their federal regulator to force cable and satellite companies to pay a fee for carrying signals from conventional television stations. Cable and satellite companies argue the fees would drive up the price they’d have to charge consumers. CBC says the answer is to introduce a package of all-Canadian channels, with the CRTC determining the minimum content and maximum price.

Car sales down one percent in October

Vehicle sales in Canada were down only one per cent in October compared to a year earlier, the smallest decline in more than a year amid growing consumer confidence.

Overall, 121,500 vehicles were sold in Canada in October, according to data compiled by DesRosiers Automotive Consultants. This compared to 122,711 a year earlier. “The overall industry is seeing monthly sales return to levels equivalent to what they were in 2008, despite the fact that year-to-date sales for the industry remain down 13.2 per cent,” said David Adams, president of the Association of International Automobile Manufacturers of Canada.

“There are significant incentives from manufacturers in a highly competitive marketplace right now, providing great purchasing opportunities for consumers.” Although several of the major brands are still posting year-over-year declines, this was offset by the large gains of other manufacturers, including Hyundai, Ford and Toyota.

General Motors clung to its top spot with 17.5 per cent of market share, down from 21.8 per cent last year.

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